Syrah Resources : Managing Director's AGM Presentation

ersonal use only

Annual General Meeting

20 May 2022

Shaun Verner - Managing Director & CEO

-

Important notice and disclaimer

This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should

onlyinform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This presentation does not constitute financial product advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

Certain statements contained in this presentation, including information as to the future financial or operating performance of Syrah useR sources Limited (Syrah Resources) and its projects, are forward-looking statements. Such forward-looking statements: are n cessarily based upon a number of estimates and assumptions that, whilst considered reasonable by Syrah Resources, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements; and may include, among other things, Statements regarding targets, estimates and assumptions in respect of metal production and prices, operating costs and results, capital expenditures, ore reserves and mineral resources and anticipated grades and recovery rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. Syrah Resources disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future ersonalevents or results or otherwise. The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and other similar expressions identify forward-looking statements. All forward-looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue

reliance on forward-looking statements due to the inherent uncertainty therein.

Syrah Resources has prepared this presentation based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in the presentation. To the maximum extent permitted by law, Syrah Resources, its related bodies corporate (as that term is defined in the Corporations Act 2001 (Cth)) and the officers, directors, employees, advisers and agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any p rson, for any loss arising from the use of the Presentation Materials or its contents or otherwise arising in connection with it.

Investor Relations

Viren Hira

T: [phone]

E: [e-mail]

Media Enquiries

NWR Communications

Nathan Ryan

T: 0420 582 887

E: [e-mail]

Syrah Contact Information

Work Club Melbourne Olderfleet

477 Collins Street, Melbourne VIC 3000

T: [phone]

1. [e-mail]

1. www.syrahresources.com.au

Syrah's Value Proposition

only	Electric Vehicles require graphite
● Electric Vehicle ("EV") adoption is gaining momentum
	● Anodes in lithium-ion batteries used in EVs are made of graphite

Graphite is a strategic critical mineral

use	● Global anode supply chain is currently 100% reliant on China
● Graphite is designated as a strategic critical mineral in USA, EU, Japan & Australia
	Balama Graphite Operation: A Tier 1 asset
	● Long life (>50 years1) and high grade (16% TGC2)
ersonal	● Largest integrated natural graphite mine and processing operation globally
● Significant vanadium resource at Balama is a valuable option3
	Vertical Integration in USA
	● Balama vertically integrated with AAM4 facility at Vidalia, USA
	● Large scale ex-Asia AAM supply option that is ESG verifiable

1. Life of mine based on current 107Mt Graphite Ore Reserves being depleted at 2Mt throughput per annum. Refer to 2021 Annual Report released to ASX 24 March 2022 for Reserves as at 31 December 2021. All material assumptions underpinning the Reserves and Resource statement in this presentation continue to apply, other than as updated in subsequent ASX releases.

2. TGC = Total graphitic carbon.

3. Scoping study on potential to refine vanadium as per ASX release 30 July 2014.

4. AAM = Active anode material.

Syrah's vision is to be the world's leading supplier of

superior quality graphite and anode material products, working closely with customers and the supply chain to add value in battery and industrial markets

3

Syrah's Positive ESG Profile

ersonal use only

	✓ ISO:45001 and ISO:14001 certification at Balama
	✓ ISO:9001 certification at Vidalia
Leading ESG standards	✓ Vidalia expansion project being developed in line with best practice
	health, safety and environmental standards
	✓ Critical Risk Management Framework embedded across the Group
	✓ Sustainability frameworks guided by:
	• Global Reporting Initiative (GRI)
Best practice sustainability frameworks	• United Nations Sustainable Development Goals (SDGs)
• International Council on Mining and Metals (ICMM)
	• Initiative for Responsible Mining Assurance (IRMA)
	✓ Robust Community Development and Stakeholder Engagement Strategy
	✓ Lower carbon emissions footprint (life cycle) of natural versus synthetic
Low carbon footprint	graphite
✓ Independent life cycle assessment (LCA) completed
	✓ Implementing initiatives to lower carbon footprint further
Auditable back to source	✓ Fully integrated by Syrah from mine to customer
✓ Vidalia products will have a single chain of custody back to the source

4

4

Syrah is committed to partnering with the community and stakeholders

for sustainability

	Local Development
	Delivering on local development
commitments across our Host Communities
useonly

Economic Contribution

$72.8M(1) USD paid in salaries in

Mozambique to date

Health Program		Social Responsibility
Improving the health and wellbeing of		Adopting a whole-of-social approach to
employees and the community		working with communities & stakeholders

	C	nstruction of a central market in Balama
1.	As at 31 March 2022
ersonal

96% Mozambican (local and national)

direct employment at Balama

Onsite malaria screening program

Donations made to Balama Health Centre

5